UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) March 24, 2006
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City National Corporation
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(Exact Name of Registrant as Specified in Its Charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-10521 95-2568550
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(Commission File Number) (IRS Employer Identification No.)
City National Center
400 North Roxbury Drive, Beverly Hills, California 90210
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(Address of Principal Executive Offices) (Zip Code)
(310) 888-6000
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(Registrant's Telephone Number, Including Area Code)
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
|_| Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01. Other Events.
On March 24, 2006, City National Corporation issued a press release
announcing a definitive agreement to acquire Independence Investment LLC from
John Hancock Life Insurance Company, an indirect wholly-owned subsidiary of
Manulife Financial Corporation. Independence is an investment firm that manages
approximately $7.5 billion of U.S. equities on behalf of premier institutional
clients, including corporate, public and Taft-Hartley pension plans as well as
foundations and endowments. The all-cash transaction is expected to close late
in the second quarter. A copy of the press release is attached hereto as Exhibit
99.1.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
99.1 Press Release dated March 24, 2006 announcing City National
Corporation entering into a definitive agreement to acquire Independence
Investments LLC from John Hancock Life Insurance Corporation, an indirect
wholly-owned Manulife Financial Corporation.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CITY NATIONAL CORPORATION
March 24, 2006 /s/ Michael B. Cahill
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Michael B. Cahill
Executive V.P., General Counsel
and Corporate Secretary
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